Argentina’s Consumer Price Index increased by 2.8 percent on a monthly basis in September 2020, accelerating from a 2.7 percent gain in the previous month and above market expectations of a 2.7 percent rise. It was the highest monthly inflation rate since March mostly driven by liquor & tobacco (4.3 percent vs 1.3 percent in August); transport (3.6 percent vs 2.8 percent) and health (3.5 percent vs 2.4 percent). In contrast, cost slowed for food & beverages (3.0 percent vs 3.5 percent); utilities (1.5 percent vs 2.3 percent); home maintenance & equipment (2.6 percent vs 3.5 percent); recreation & culture (1.9 percent vs 3.3 percent); communications (0.1 percent vs 0.3 percent) and education (0.3 percent vs 0.8 percent). On an annual basis, consumer prices jumped 36.6 percent in September, easing from a 40.7 percent gain in the prior month.
Inflation Rate Mom in Argentina averaged 2.45 percent from 2014 until 2020, reaching an all time high of 6.50 percent in April of 2016 and a record low of 0.20 percent in August of 2016. This page provides the latest reported value for - Argentina Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Argentina Inflation Rate MoM - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Instituto Nacional de Estadística y Censos (INDEC)
Inflation Rate Mom in Argentina is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Argentina to stand at 2.30 in 12 months time. In the long-term, the Argentina Inflation Rate MoM is projected to trend around 2.00 percent in 2021 and 1.00 percent in 2022, according to our econometric models.